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Friday Footnotes: EY Partners Are Split on the Split; PCAOB Further Annoys Auditors; Recruiting Events Are Back! | 3.31.23

Going Concern

auditors who believe their part of the firm could end up weakened by a deal. audit, tax and advisory firm, as title sponsor in an effort to advance equity, access and opportunity for underrepresented and underrated youth in the sport of golf. John King and Frank Mahoney, senior U.S. He previously held various tax roles at KPMG.

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KPMG Leads in IPO Audit Clients for Q1 of 2024

CPA Practice

The Big Four firm was the auditor for eight of the 46 IPOs, tops among the 20 different firms with at least one IPO audit client in Q1. KPMG audited Amer Sports, a global group of outdoor wear and sports companies based in Finland, which was one of two companies that raised more than $1 billion in proceeds, known as a “unicorn IPO.”

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Auditors Ready To Drop Riskiest Corporate Clients

PYMNTS

As pressure continues to mount on the so-called Big Four corporate auditors in both Australia and the U.K., Grant Thornton is expected to divest Sports Direct as a client next month amid rising concerns over the company’s accounting practices, with the auditor separately announcing plans to take a “line by line” review of its clients.

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Accountants Are the Referees of Business, Says Guy Who Would Know

Going Concern

.” To put things into perspective for the normies who may not understand that accountants’ work is critical to the entire foundation of our financial system, he likens accountants to referees, the order-keepers of sports: “We may not always like the referees, but sports is a free-for-all without them,” he said.

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Our Obsession with Hours Is Destroying the Accounting Profession

CPA Practice

Students unwilling to pay the high cost to obtain a master’s in accounting sign up for courses in areas such as sports or personal development to achieve the extra 30 semester hours required to become a CPA. Aspiring auditors and experienced professionals alike are recognizing the shortcomings of the educational and billable hour metrics.

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Residential Energy Credits: Invest in Clean Energy Solutions To Qualify

Cherry Bekaert

A vehicle is qualified for this tax credit if it: Has a battery capacity of at least seven kilowatt hours Has a gross vehicle weight rating of less than 14,000 pounds Is made by a qualified manufacturer Final assembly takes place in North America A few items to note: Fuel cell vehicles do not need to be made by a qualified manufacturer to be eligible (..)

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How Shohei Ohtanis’ Interpreter’s Theft of $16.5 Million Occurred and Went Undetected for Years

Withum

In September 2021, Mizuhara began gambling with an illegal sports book and lost millions of dollars. Our auditors will review your system if you suspect you have weak internal controls, and our forensic accountants will investigate fraud if you believe you have been a victim of fraudulent activity.

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